Boston-Based Restaurant Platform Company Toast Secures $250 Million At A $2.7 Billion Valuation

Existing investors including Bessemer Venture Partners, Lead Edge Capital and funds and accounts managed by T. Rowe Price Associates also participated in this round. Brands like José Andrés’ ThinkFoodGroup Tartine Bakery, Joe Coffee Company, Eggs Up Grill, JACKS Urban Eats, and The County Line are now using Toast. By providing restaurants of all sizes with access to innovative technology, Toast is leveling the playing field and leading the industry’s transition to the cloud,” added Yuan. And with the Series E funding round, Toast said it will solve some of the most pressing challenges like enaging and retaining guests, recruiting talent, and improving operations and increase profitability. With Toast, we’re not only processing orders faster, but we’ve also seen aspects of our business like catering and delivery grow by more than 50 percent,” explained Jeffrey Pandolfino — who is the owner and a board member of Green & Tonic (five-location café in Connecticut).